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Free Accounting Software For Small Business

Small businesses can download free customisable accounting software.

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Formever business and accounting software is available to small business owners at no charge.

The software can be customised by business professionals with no programming experience to make their own system to match their current way of doing business.

As companies grow and evolve, executives can easily change and adapt the system themselves without the need for costly programmers.

Related: Financial Management and Accounting Support for SMEs

And the option of cloud-based services – at a cost – means companies can easily scale up, without worrying about infrastructure, or managing security and back-up systems. For mid-sized business in particular there is a real need for these kinds of simple, scalable solutions.

“We believe there is a lot of untapped potential for companies to gain efficiencies from customised accounting and business systems,” said Corin Gutteridge, chief executive officer of Formever.

“We want to provide the right tools for business people to do their own customisation. So we took the complications of programming out of the equation.”

“A lot of business people I’ve spoken to over the years are frustrated with their systems and their limited options,” said Lance Gutteridge, founder and chief technology officer of Formever. “That’s what inspired me to write this software.

Related: Do You Know Your Taxpayer Rights?

“I realised there was a need for a more business-centric approach to computer systems. I also saw that as computers became faster and more powerful, a new data architecture was possible, so we could organise information in a new, more efficient manner.”

Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies. Find us on Google+ here.

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2 Comments

2 Comments

  1. Myles Curren

    Jan 22, 2014 at 15:38

    That sounds really promising. Formever is looking like a hopeful and capable accounting tool really. Small business owners would have receive great outputs through this. I am glad to find out some stuffs about it.

  2. karen

    Sep 4, 2014 at 13:59

    Indeed sounds promising. There’s another accounting tool for small business, isn’t free but having lots of functionality. that is http://www.asiahawk.com

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South Africa Joins Global Impact Investing Body

South Africa will take another step toward meeting its development challenges this week when it becomes the first African country to join the Global Steering Group (GSG) for Impact Investing.

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A global body promoting investments that not only generate a financial return, but deliver positive environmental and social outcomes as well, the GSG currently comprises 21 countries, plus the European Union.

South Africa will be represented on this important global body by the National Task Force for Impact Investing – that was established recently to grow local support for the impact investment sector. The Task Force is made up of representatives from government, private capital and research institutions. The Bertha Centre for Social Innovation and Entrepreneurship at the UCT Graduate School of Business (GSB) is acting as the secretariat for this new initiative.

“This is an amazing development, as it signifies South Africa’s leadership role in the area of impact investing,” says Elias Masilela, Executive Chairman of DNA Economics and Chair of the Impact Investing National Task Force. “South Africa’s entry into the GSG will usher in a new perspective in thinking about investing.”

According to the Global Impact Investing Network, the amount of money committed to impact investing around the world has doubled in the last year. From $114 billion in mid-2017, there is now $230 billion in funds targeting investments that not only generate a financial return, but deliver positive environmental and social outcomes as well.

This rapid growth has been largely due to a greater awareness of how private investment can contribute to the attainment of the Sustainable Development Goals set by the United Nations. Yet there is still a long way to go. It is estimated that the world needs $2.5 trillion per year to hit the UN’s targets.

Meeting these goals is crucial in South Africa, where poverty and inequality remain significant challenges. Attracting more private capital to support projects in fields such as education, housing and water is imperative.

Related: Investment Support For Black Business

According to Susan de Witt, Innovative Finance Lead at the Bertha Centre and head of the Impact Investing National Task Force Secretariat, being part of the GSG will give the movement in South Africa international credibility and allow the country to learn from the experiences of other countries.

“One of the major advantages of joining the GSG is that local representatives from the mainstream capital markets will be exposed to the global shifts in asset allocation,” says de Witt. “They will also be able to develop the appropriate contextual vehicles and tools to do this effectively spurred on by the efforts of major players such as Blackrock, Credit Suisse and UBS.

Giving Africa a voice in this forum is a crucial development, says Masilela. “With the strategic role that the country holds on the continent, as well as its representative voice on BRICS and other global fora, it is imperative that South Africa continues to drum up the need for this consciousness towards investment.”

Not only will the country benefit enormously from the learning opportunities, but it will be able to make a meaningful contribution to discussions as well. As many international impact investing projects are focused on Africa, there is a need for local insights to guide international investment allocations.

“Having sat in a number of these meetings, there a noticeable lack of African opinion,” says de Witt. “Working groups with an international strategy often focus on Africa, but there is rarely an African in the room.”

As a member of the GSG, South Africa will be a fully-fledged member of the global impact investing movement. This will unlock meaningful opportunities for the country.

“There is no better time than now,” Masilela says. “Done right, it will reverse many of the domestic and global imbalances we face. It is particularly important, with South Africa’s economy struggling to record a much needed turnaround.”

Along with South Africa, similar Advisory Boards in New Zealand and Bangladesh will also be admitted to the CSG this month.

“The impact revolution is a truly global movement, and its expansion to Bangladesh, New Zealand, and South Africa underscores that the pivot to risk, return, and impact is spreading to all corners of our world,” said Sir Ronald Cohen, founder and chair of the GSG.

The GSG’s Board of Trustees approved the new member countries amid preparations for the annual Impact Summit on 8-9 October in New Delhi, India. The Board also approved sites for its next two Impact Summits: Santiago, Chile on 7-8 November 2019, and Johannesburg, South Africa in 2020.

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FNB Announces The 7th Franchise Leadership Summit

FNB is hosting the 7th Franchise Leadership Summit at Montecasino on Tuesday, 13 November 2018. The summit is a well-attended industry discussion amongst high calibre franchisors and industry stakeholders.

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The Summit is aptly themed “Equipping you to future proof your franchise”. The discussions will include exploring the impact of technology on the franchising industry.

To this end, Morne Cronje, Head of Franchising at FNB Business explains that “the rise in online applications in franchising means we need to find innovative ways on how to continue to grow and improve this new dimension to this already robust industry.”

The South African Fast Food Landscape Report of 2018 backs the position that Cronje speaks to as it revealed that a growing number of consumers are opting for the convenience of online delivery services when purchasing fast food, this has a far reaching impact that the Summit will begin to talk to in this year’s leg.

Related: Don’t Tread On Toes – Why Investing In A HIQ Franchise Will Offer You More Opportunities

The speaker line-up includes:

  • Mike Vacy-Lyle, CEO of FNB Business; Marcel Klaassen, Executive Head at FNB Business: Opening address
  • Mamello Matikinca-Ngwenya, Chief Economist at FNB: She will talk about the state of the economy and what it means for entrepreneurs.
  • Morne Cronje – Head of Franchising at FNB Business; Eric Parker – Franchising Consultant at Franchising Plus; Stephen Walters – GIS Specialist and Co-Founder at Fernridge Consulting & Tony da Fonseca – MD at OBC Chicken: Panel discussion on future proofing franchise.
  • Richard Mulholland – founder: Beware of the Fox, a look at the actual impact of Artificial Intelligence (AI) on business
  • Andy Higgins, Founder of Bidorbuy and Managing Director of uAfrica.com: Will E-commerce replace traditional retail? – How to adapt your business model.
  • Dion Chang – Trends Analyst: Pivoting your skills for the second wave of disruption.
  • Dr. Sarah Britten – Independent shopper marketing and social media strategist: Check ins and check outs – how franchises can use social media to build their businesses.
  • Dr. Rosy Ndhlovu – Founder: Social Franchising – Is this the future for Healthcare?

Cronje says the great line-up of industry experts will go beyond the digital discussion and the subsequent challenges it presents, each speaker will offer workable solutions on how to improve and navigate the move to the 4th Industrial Revolution as a business.

“Franchising is a healthy and resilient industry in South Africa. However, we need to continuously improve it and keep adapting to the ever-changing landscape. Therefore, unpacking online applications and trends in franchising is at the centre of this summit amongst other things,” concludes Cronje.

Buy tickets or find out more information on the Summit here: www.franchisesummit.co.za

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A Look At The YES Initiative In The Construction Sector

Many industries have advanced at lightning speed over the past decade or so thanks to technological advancements, but the construction sector might still be the ‘dinosaur’ of the lot.

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While green buildings and new building methods have come into play. As one of the more established, ‘if it ain’t broke, don’t fix it’ sort of industries, construction is dominated by low margins, stringent processes and a few fierce competitors.

The Youth Employment Services (YES) initiative was gazetted on 28 August and Contracts Director for Bartlett Construction, Wayne Bartlett says that implementing this in the construction industry will come with its own challenges.

“When you look at our sector, it’s established and most of the senior management team in the big companies is aged 40-plus. Our staff turnover for instance is very low and the average employee has been with the company for 15 years,” explains Wayne.

In saying this, Wayne says that companies are breaking the mould to adopt modern strategies in order to gain a competitive advantage. “Our industry is price driven. There is zero room for error and it’s difficult to differentiate. Over the past few years, we have breathed some new life into our companies by employing younger talent to help accelerate and differentiate our business’s portfolios, offerings and positioning”.

Related: Construction Business Plan

Speaking to the topic of carefully calculated margins, Wayne says that some construction companies are hesitant to hire new talent as the industry leaves no real room for learnings through failures. “Sad but true, our industry lacks skills and while we have seen 45 000 jobs added in 2018 (Businesslive.co.za), we still struggle to find youths with the skills that our industry requires”.

Wayne says that Bartlett Construction has taken liberties, even prior to the YES initiative, and has actively been employing and upskilling youths.

“The responsibility now lies with the private sector and we have found that through mentorship and hands-on training, youths are coming up the ranks and have as much opportunity as our more established employees. We are also seeing fresh thinking and new perspectives”.

Talking to the benefits of the YES initiative, Wayne says that moving up one or even possibly two places on the BEE scorecards is a major competitive advantage for companies operating in this sector.

“It’s important that we view this as an educational mouthpiece for our country but that companies too can reap the rewards. This initiative addresses youth unemployment, recession woes and prepares the future decision makers of our country to take over and do great things.”

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